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2nd bank failure: Signature bank collapses, cryptocurrency involvement [1]
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Date: 2023-03-13
www.ndtv.com/…
It’s not exactly the same as with SVB, this time the cryptocurrency factor seems to be bigger.
Second US Bank Collapses, Fed Says Will Ensure "Depositors' Savings Safe" The US Federal Reserve, the Federal Deposit Insurance Corporation and Treasury said depositors in Signature Bank, a New York-based regional-size lender with significant cryptocurrency exposure which was shuttered on Sunday after its stock price tanked, would also be "made whole."
RELATED ARTICLES:
www.bloomberg.com/… Credit Suisse Default Swaps Hit Record as SVB Failure Hits Banks
www.wsj.com/… Signature Bank Is Shut by Regulators After SVB Collapse
www.wsj.com/… First Republic Bank Stock Drops Over 70% Premarket
edition.cnn.com/… US banks sitting on unrealized losses of $620 billion
edition.cnn.com/… HSBC buys SVB’s UK business, ending ‘nightmare’ for British tech
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